fatf recommendation 12
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Les Recommandations du GAFI
FATF Guidance : Politically Exposed Persons (Recommendations 12 et 22) (June 2013) ; Lignes directrices (Recommendation 6) June 2013 ; Meilleures pratiques |
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The FATF Recommendations
The customer due diligence and record-keeping requirements set out in Recommendations 10 11 12 15 and 17 apply to designated non-financial businesses and |
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Politically Exposed Persons (Recommendations 12 and 22)
The FATF Recommendations are recognised as the global anti-money laundering (AML) and counter-terrorist financing (CFT) standard For more information about the |
FATF Recommendation 13 requires additional measures to be applied to cross-border correspondent banking relationships, in addition to performing the CDD and enhanced due diligence (EDD) measures in FATF Recommendation 10 for high risk customers.
What does the FATF recommendation 12 focus on?
FATF Guidance: Politically Exposed Persons (Rec 12 and 22)
A politically exposed person (PEP) is an individual who is or has been entrusted with a prominent function.
Many PEPs hold positions that can be abused for the purpose of laundering illicit funds or other predicate offences such as corruption or bribery.
What is the PEP recommendation 12?
Consistent with this objective, Recommendation 12 requires countries to implement measures requiring financial institutions to have appropriate risk management systems in place to determine whether customers or beneficial owners are foreign PEPs, or related or connected to a foreign PEP, and, if so, to take additional
What are the FATF recommendations 2023?
As amended November 2023.
The FATF Recommendations set out a comprehensive and consistent framework of measures which countries should implement in order to combat money laundering and terrorist financing, as well as the financing of proliferation of weapons of mass destruction.
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FATF Guidance: Politically Exposed Persons (Recommendations 12
The FATF Recommendations are recognised as the global anti-money laundering (AML) and counter-terrorist financing (CFT) standard. For more information about the |
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The FATF Recommendations
11 and 12 and programmes against money laundering and terrorist financing |
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FATF 40 Recommendations
and terrorist financing into compliance with the new FATF Recommendations and to effectively the activities referred to Recommendation 12(e). |
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12-MONTH REVIEW OF THE REVISED FATF STANDARDS ON
The FATF Recommendations are recognised as the global anti-money laundering (AML) and counter-terrorist financing (CFT) standard. |
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Second 12-Month Review of Revised FATF Standards - Virtual
01-Jul-2021 The FATF Recommendations are recognised as the global anti-money laundering (AML) and counter-terrorist financing (CFT) standard. For more ... |
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Methodology
17-Oct-2021 METHODOLOGY. ASSESSING TECHNICAL COMPLIANCE WITH THE FATF RECOMMENDATIONS AND THE EFFECTIVENESS OF AML/CFT SYSTEMS. 12. TECHNICAL COMPLIANCE. |
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Methodology
17-Oct-2021 METHODOLOGY. ASSESSING TECHNICAL COMPLIANCE WITH THE FATF RECOMMENDATIONS AND THE EFFECTIVENESS OF AML/CFT SYSTEMS. 12. TECHNICAL COMPLIANCE. |
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FATF Recommendations 2003.pdf
20-Jun-2003 The original FATF Forty Recommendations were drawn up in 1990 as an initiative to ... the activities referred to Recommendation 12(e). |
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Methodology for Assessing compliance with the FATF 40
27-Feb-2004 Recommendations 12 and 16 designated non-financial businesses and professions should be required to take certain actions. |
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Best Practices Paper: The Use of the FATF Recommendations to
implement Recommendations 12 and 22 on PEPs. ? Specific Risk Factors in Laundering the Proceeds of Corruption: Assistance to. |
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The FATF Recommendations
108 Glossary 110 Table of Acronyms 125 Annex I: FATF Guidance Documents 126 Annex II: Information on updates made to the FATF Recommendations Date founded: 1989 |
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12-MONTH REVIEW OF THE REVISED FATF STANDARDS ON
The FATF Recommendations are recognised as the global anti-money laundering (AML) and counter-terrorist financing (CFT) standard For more information |
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FATF Recommendation 12: Customer due diligence and record
See also: The full text of the 40 Recommendations, glossary and interpretative notes Return to the FATF 40 Recommendations page Recommendation 12 B |
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An International Analysis of FATF Recommendations and
Recommendation FATF recommends that DNFBPs need to comply with five major recommendations (i e Recommendations 12, 16,17,20,24 and 25) to combat |
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Appendix A Compliance with Financial Action Task Force on Money
Financial Action Task Force on Money Laundering (FATF) Recommendations 5, 12, 33, and 34 As shown by an evaluation of 159 countries (24 FATF member |
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PEPs - Wolfsberg Group
FATF Politically Exposed Persons (Recommendations 12 and 22), Paragraph 23: documents/recommendations/Guidance-PEP-Rec12-22 pdf fatf/ |
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